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-   -   A loan that we can actually apply for. (http://dreamact.info/forum/showthread.php?t=8190)

daffodils 07-12-2008 01:42 AM

A loan that we can actually apply for.
 
I'm posting this because I'm assuming a lot of you would like to take out a student loan..I found one that works for dreamies.

http://www.salliemae.com/content/tuitionanswer

Basically, you will need a U.S. Citizen or Permanent Resident with good credit as the main borrower. You put yourself as a "student" and if you do not have a SSN, an ITIN is acceptable as well. You don't need any citizenship or status proof.

If you get credit approved, all you need is:
-signed application
-copy of the main borrower's DL or passport
-proof that you are attending your college

Good luck!

Ed 07-12-2008 02:35 AM

Re: A loan that we can actually apply for.
 
thanks. my bro has a loan with them. Im going to try to apply with them

free2be 07-12-2008 12:21 PM

Re: A loan that we can actually apply for.
 
http://www.salliemae.com/site/ta/tui...swer-loan.htm?

"Eligibility
  • The borrower, student, and any cosigner must have Social Security numbers.
  • The borrower and any cosigner must be U.S. citizens or eligible permanent residents.
  • The borrower must have good credit."
Are you sure?

daffodils 07-12-2008 12:26 PM

Re: A loan that we can actually apply for.
 
Well yes, that is the main borrower. You are the student, you do not have to be here legally. Trust me, I have nothing but an ITIN, and I applied for it.

free2be 07-12-2008 12:38 PM

Re: A loan that we can actually apply for.
 
Quote:

Originally Posted by daffodils (Post 104190)
Well yes, that is the main borrower. You are the student, you do not have to be here legally. Trust me, I have nothing but an ITIN, and I applied for it.

Ah so you mean the person applying for you will be the one who is "borrowing?" If so, how would you be able to get your name on the loan as well, w/o having to meet the same requirements? Sorry if I'm missing something glaringly obvious lol; I'm operating on very little sleep.

daffodils 07-12-2008 01:48 PM

Re: A loan that we can actually apply for.
 
The main borrower is borrowing for you, the student. On the application, after the U.S. Citizen, you put your information. Both of you are on the loan, and as I said, you have to send proof that you are attending your school to Sallie Mae. So you are on the loan.

I'm sorry if that makes no sense, I try.

HOPEFULDREAMER 07-12-2008 01:52 PM

Re: A loan that we can actually apply for.
 
The Signature Student Loan is also accessible to DREAMies. I wrote a thread on it awhile ago. :)

daffodils 07-12-2008 02:03 PM

Re: A loan that we can actually apply for.
 
You know, I tried applying for that, but they asked me to submit my visa proof, so I couldn't continue.

Did you get it?

HOPEFULDREAMER 07-12-2008 05:24 PM

Re: A loan that we can actually apply for.
 
Yep. :) They didn't ask me for anything; only the co-signer!

swiftp 07-18-2008 10:28 PM

Re: A loan that we can actually apply for.
 
Hey daffodils

How much did you borrow, if you don't mind saying?
So, let me get this straight, there can be a total of three persons on the loan app: the borrower, the student, and the cosigner?
When I was filling out the student information, it asked for my SSN...did you put your ITIN in that field?
Has your loan been approved? Have the funds been disbursed to you yet, or how long would it take?

Thanks, daffodils, and sorry for all the questions, I'm excited for the possibility of getting a loan!


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